Centerpoint Energy Gas Transmission Company Files To Establish Perryville Hub Trading Point

abarrelfullabarrelfull wrote on 29 May 2015 11:31

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March 21, 2012

CenterPoint Energy Gas Transmission Company, LLC (CEGT), an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), announced today a filing with the Federal Energy Regulatory Commission (FERC) to amend certain provisions in its tariff to establish a Perryville Hub™ Trading Point (PTP) within the existing Perryville Hub (PVH) that can be accessed for primary or secondary receipt and/or delivery of natural gas using the company’s firm and interruptible transportation and wheeling services. The PTP will have access to receive or deliver natural gas from the 21 interconnects CEGT has with interstate pipelines in the Perryville Hub. CEGT also proposes to establish the PTP as a site for trading or title transfers of natural gas between the company’s shippers and/or non-shippers.

“The PTP will provide access to numerous supply basins and markets from which to transport or wheel gas to points on the CEGT system and the broader interstate pipeline grid,” said Poe Reed, division senior vice president and chief commercial officer of CenterPoint Energy’s Pipelines business.

To accommodate trading needs, CEGT also has applied to list the PTP as a trading point on the Intercontinental Commodity Exchange (ICE), allowing users to manage risks confidently and in real time. Reed added that with the addition of the ICE point, the PTP will also provide new and existing customers, including the growing electric power and storage markets, a liquid point to buy and sell gas. In 2013, the PVH will directly connect with the high deliverability of the 7 billion cubic feet Perryville Gas Storage project, further increasing liquidity and creating additional opportunities for CEGT and its affiliate, Mississippi River Transmission’s, customers.

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